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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 408 Weeks Ago, 6 Days Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
10.68 Heritage Union has said that 66% of U.S. adults have purchased life insurance. Suppose that for a random sample of 50 adults from a given U.S. city, a researcher finds that only 56% of them have purchased life insur- ance. At the 0.05 level in a one-tail test, is this sample finding significantly lower than the 66% reported by Heritage Union? Determine and interpret the p-value for the test. Source: reuters.com, September 23, 2008.
10.69 According to the National Association of Home Builders, 55% of new single-family homes built dur- ing 2005 had a fireplace. Suppose a nationwide home- builder has claimed that its homes are “a cross section of America,” but a simple random sample of 600 of its
single-family homes built during that year included only 50.0% that had a fireplace. Using the 0.05 level of signif- icance in a two-tail test, examine whether the percentage of sample homes having a fireplace could have differed from 55% simply by chance. Determine and interpret the p-value for the test. Source: National Association of Homebuilders,
2007 Housing Facts, Figures, and Trends, p. 13.
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